Video & Transcript Research : 'deductions'
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NM
New Mexico 2025 Regular Session
IC - Transportation Infrastructure Revenue Subcommitee Jul 17th, 2025
Transcript Highlights:
- We spoke with the state of New Mexico, and they granted Us a locomotive fuel tax deduction in 2013, and
NM
New Mexico 2025 Regular Session
IC - Federal Funding Stabilization Subcommittee Jul 1st, 2025
Federal Funding Stabilization Subcommittee
Transcript Highlights:
- eligibility reductions through how all of these benefits are calculated, so we're sort of changing the deductions
CA
California 2025-2026 Regular Session
Assembly Floor Session May 15th, 2025
California House Floor Meeting
Transcript Highlights:
- $85,000 per year is asked to pay over $10,000 annually for their family share of premiums and median deductibles
Summary:
The Assembly convened after a quorum call, prayer, and pledge, then moved through a long Daily File with several major policy bills and multiple commemorative resolutions. The most debated measure was AB 379 on human trafficking and child exploitation. The bill was presented as a stronger, more comprehensive version that increases penalties for adults soliciting minors, adds a loitering offense tied to purchasing commercial sex, raises fines for businesses that facilitate trafficking, creates a Survivor Support Fund, and establishes grants for victim services and vertical prosecution. Several members spoke in support, while Assemblymember Sharp-Collins raised concerns that the loitering provision could be vague and disproportionately enforced against Black, Brown, and LGBTQIA+ people. The bill passed after debate, with the clerk reporting 72 noes and the measure still passing.
The Assembly also passed AB 1415, which expands the Office of Health Care Affordability’s authority to review more health systems, private equity and hedge fund acquisitions, and managed service organizations in order to better track cost drivers and medical debt. Other policy bills approved included AB 711 on coordinating court reporters for motion hearings, AB 1142 on horse event entry fees, AB 309 on preserving access to sterile syringes for HIV and hepatitis prevention, AB 358 on allowing victims to consent to searches of hidden surveillance devices like AirTags and spy cameras, AB 592 on outdoor dining for restaurants, AB 1341 on clarifying contractor licensing violations, AB 752 on easing child care center siting, AB 1166 on extending debt-settlement rules to commercial financing, AB 806 on mobile home resident cooling rights, AB 972 on explicit sex discrimination protections in higher education, AB 416 on emergency room 5150 authority, AB 632 on expedited collection of penalties for serious local code violations, AB 672 on PERB notification and intervention rights, AB 876 on CRNA scope of practice, and AB 760 on temporary mobile home housing after disasters. Most of these measures passed with broad bipartisan support, though AB 672 drew sharp opposition from Assemblymember DeMaio over concerns about PERB and state bureaucracy.
The chamber also adopted several resolutions recognizing May observances and public service groups. These included ACR 63 designating May as California Fairgrounds Appreciation Month, ACR 69 for California Physical Fitness and Mental Well-Being Month, ACR 76 for California Small Business Month, ACR 77 for Drowning Awareness and Prevention Month, HR 36 for Lung Cancer Action Week, HR 39 for National Public Works Week, and HR 41 for National Hospital Week. Members used the resolutions to highlight local institutions, public health, and community services, and each was adopted after co-author rolls and voice votes. The session ended after the Assembly completed the day’s file and moved through a series of routine procedural motions and adjournment-related business.
TX
Transcript Highlights:
- Analysis and deductive reasoning because we don't do the same on ourselves when we graded our own papers
Keywords:
fetal development, health curriculum, public schools, middle school health education, grade 7, grade 8, State Board of Education, school health advisory council, Texas Education Code, pregnancy, reproductive health, infertility, birth defects, prenatal development, unborn child, trimester, medically accurate instruction, age-appropriate instruction, drug and alcohol effects, lead exposure
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 1 on Health Apr 7th, 2025
FL
Florida 2025 Regular Session
March 20, 2025 - 02:00 PM
Transcript Highlights:
- And the amount at issue that went to trial was the alleged misapplication of a deductible, okay?
Summary:
The subcommittee considered a long agenda of civil justice and claims measures. HB 1173, relating to the Florida Trust Code, was presented as a clarification of standing in trust litigation after recent case law; after questions about who may sue, an amendment was adopted clarifying that an expressly named charity retains standing, and the bill passed 14-2. HB 1437, on attorney’s fees in motor vehicle PIP disputes, drew testimony from insurers and reform groups opposing a return to fee-driven litigation and from medical groups supporting fee recovery for prevailing parties; it passed 17-0. CS/HB 147, addressing prohibited debt-collection communications during nighttime and early morning hours, was described as a clarification of an outdated statute in light of modern communications, with support from business groups and no opposition in the vote; it passed 18-0.
The committee then heard several claims bills against the Department of Children and Families. HB 6511, for relief of L.P., described severe injuries to a child after DCF allegedly failed to act on warning signs; a technical amendment was adopted and the bill passed 18-0. HB 6515, for relief of Michael Barnett, involved DCF’s alleged failure to investigate domestic violence that preceded the killing of three children and injury of a fourth; members asked about the settlement amount and the case’s circumstances, and the bill also passed 18-0.
HB 1517, expanding wrongful death law to allow parents of an unborn child to recover for the child’s death, generated the most extensive debate. The sponsor said it aligns civil law with existing criminal definitions and excludes claims against mothers and providers of lawful medical care, including IVF; opponents warned it could be used to target reproductive care, support networks, and domestic violence survivors, while supporters framed it as a justice measure for families. An amendment clarifying damages rules for minors and unborn children was adopted, and the bill passed 13-4. Finally, HB 947, on evidence of medical damages in personal injury and wrongful death cases, sought to allow broader evidence at trial and to change “shall” to “may”; supporters said it would improve fairness and transparency, while opponents argued it would weaken post-2023 tort reforms and reintroduce inflated medical damages. The amendment was adopted and the bill was then taken up with additional opposition testimony.
AL
Transcript Highlights:
- Section 36-14-3 of the Alabama Code expands the list of allowable payroll deductions for state employees
Bills:
SJR 18, SCR 5, SCR 13, SCR 25, SB 3, SB 6, SB 10, SB 11, SB 12, SB 13, SB 15, SB 17, SB 18, SB 35, SB 388, SB 412, SB 441, SB 495, SB 666, SB 687, SB 706, SB 740, SB 815, SB 842, SB 917, SB 925, SB 995, SB 1006, SB 1281, SB 1300, SB 1379, SB 1451, SB 1902, SJR 36, SJR 18, SJR 12, SCR 13, SCR 25, SCR 5, SCR 22, SB 565, SB 372, SB 495, SB 842, SB 765, SB 62, SB 19, SB 18, SB 666, SB 707, SB 888, SB 687, SB 706, SB 847, SB 290, SB 11, SB 10, SB 13, SB 412, SB 441, SB 1248, SB 740, SB 14, SB 1006, SB 504, SB 917, SB 925, SB 388, SB 1902, SB 1121, SB 995, SB 857, SB 305, SB 296, SB 284, SB 35, SB 6, SB 815, SB 3, SB 1281, SB 1379, SB 1300, SB 1497, SB 1499, SB 1498, SB 1451, SB 1061, SB 15, SB 65, SB 241, SB 304, SB 402, SB 499, SB 621, SB 974, SB 1023, SB 1024, SB 1025, SB 1106, SB 686, SB 112, SB 371, SB 204, SB 400, SB 609, SB 1447, SB 670, SB 502, SB 427, SB 850, SB 854, SB 413, SB 1555, SB 1362, SB 1346, SB 1033, SB 1220, SB 1073, SB 810, SB 987, SB 1539, SB 893, SB 447, SB 875, SB 406, SB 509, SB 985, SB 965, SB 17, SB 1119, SB 1505, SB 12, SB 24, SB 57, SB 1194, SB 1253, SB 1215, SB 1532, SB 1268, SCR 12, SCR 24, SB 1302, SB 856, SB 650, SB 583, SB 673, SB 840, SJR 18, SB 11, SB 441, SB 10, SB 18, SB 412, SB 495, SR 238, SR 264, SR 266, SR 267, SR 268, SR 270, SR 271, SR 272, SR 278, SB 1169, SB 1169
Keywords:
capital gains, taxation, constitutional amendment, state revenue, individual investment, SCR 5, Senate Concurrent Resolution 5, Texas School for the Deaf, TSD, Robert Rives, gymnasium naming, building naming, honorary resolution, commemorative resolution, deaf education, hard of hearing, Gallaudet University, alumni hall of fame, football coach, school facility naming
MN
Minnesota 2025 1st Special Session
House DFL Press Conference 3/10/25
US
US Federal 2025-2026 Regular Session
Hearings to examine defense innovation and acquisition reform. Jan 28th, 2025 at 08:30 am
Senate Armed Services Subcommittee on Personnel
Transcript Highlights:
- I think our system is exquisitely designed To solve all problems that can be solved deductively, top-down
FL
Florida 2025 Regular Session
January 15, 2025 - 03:30 PM
Transcript Highlights:
- Is that included in your 189 plus, or was that deducted from that? You're recognized.
Summary:
The Transportation and Economic Development Budget Subcommittee met to organize for the session, take roll, and hear introductory remarks from members and agency heads. Members briefly introduced themselves and their districts, with several noting transportation, economic development, emergency response, military, and hurricane recovery issues in their areas. Chair Shove then outlined the subcommittee’s jurisdiction and current-year budget, noting a total of about $20.3 billion, with most funding coming from trust funds and only a small share from general revenue. The committee also heard that upcoming meetings would include presentations from major agencies in the subcommittee’s purview.
The first agency presentation was from the Department of Military Affairs and the Florida National Guard. Major General John Haas described the Guard’s three missions—supporting national security, responding to state emergencies, and adding value to the state—and highlighted deployments for hurricanes, border security support, and ongoing support to the Department of Corrections. He emphasized that the Guard is understrength relative to Florida’s size and demand, said recruiting is strong, and identified force structure growth as the main challenge. Members asked about aircraft, funding sources, and recruiting; Haas explained the Guard’s helicopter and fixed-wing fleet, said aircraft purchases are funded through legislative appropriations, and reported strong interest in the Florida State Guard’s recruiting pipeline.
Executive Director Mark Thieme then described the Florida State Guard’s expansion into air, ground, and maritime capabilities, including Black Hawks, boats, drones, canine search-and-rescue teams, and ground support units. He said the agency supported immigration enforcement and hurricane response, and asked for continued legislative support to expand aviation, maritime, and medical capabilities. Members praised the Guard’s disaster response work and asked about aircraft, funding, and staffing. Secretary Cord Byrd of the Department of State followed, focusing on election administration, election security, the SunBiz and voter registration IT systems, arts and culture, corporations, libraries, and historical resources. He said Florida’s election system remains a national model, reported two prosecutions for non-citizen voting, and discussed modernization needs for legacy IT systems. The committee also asked about voter lookup tools, password privacy for SunBiz, and arts funding vetoes.
Secretary Alex Kelly of the Department of Commerce described the agency’s broad portfolio, including workforce, economic, community, and international commerce functions, plus housing recovery, broadband, small business support, rural infrastructure, defense-community grants, and law enforcement recruitment bonuses. He said access to capital is the biggest barrier for small businesses and noted ongoing work with CareerSource, the Department of Corrections, and other partners on workforce and reentry. Secretary Jared Perdue of the Department of Transportation then outlined FDOT’s record budget and five-year work program, emphasizing emergency response, preservation and maintenance, safety, and major investments in roads, ports, airports, transit, and spaceport infrastructure. He said the department has removed millions of cubic yards of storm debris, is ahead of schedule on the Moving Florida Forward initiative, and faces a large unfunded project backlog. Members asked about supply chain issues, project priorities, and workforce needs, and Perdue said FDOT is open to collaboration on recruitment and retention.
FL
Florida 2025 Regular Session
January 14, 2025 - 03:30 PM
Transcript Highlights:
- on-the-job training, retention program development support, and consultation on available tax credits or deductions
Summary:
The Higher Education Budget Subcommittee met for an introductory overview of the higher education programs under its jurisdiction. After roll call and member introductions, Chair Busatta outlined that the subcommittee oversees programs in the Department of Education and the State University System, including vocational rehabilitation, blind services, private postsecondary licensure, student financial aid, career and adult education, the Florida College System, and the Board of Governors. The chair and staff also noted that these areas represent roughly $9 billion in current-year funding.
Officials from the Department of Education presented on several programs. Vocational Rehabilitation Director Kelly Rogers described services for adults and youth with disabilities, including pre-employment transition services, job coaching, assistive technology, and employer support; she said the program served more than 55,000 people last year, has no wait list, and reported a return of $7.61 to the economy for every $1 invested. Division of Blind Services Director Robert Doyle explained services from birth through older adulthood, including early intervention, school-age support, vocational rehabilitation, independent living, the Business Enterprise Program for blind vendors, and the Braille and Talking Book Library; he said the division serves about 12,000 people annually and also has no wait list, though some community rehab providers may have one. Tiffany Hurst of the Commission for Independent Education described licensure and consumer protection for independent postsecondary institutions, reporting oversight of about 1,100 institutions and 721 non-degree schools, along with enforcement actions against unlicensed operators.
Sean Haskin of Student Financial Assistance reviewed 22 scholarship and grant programs totaling about $1 billion for more than 200,000 students, including Bright Futures, Benacquisto, need-based grants, EASE, EASE Plus, veterans’ scholarships, dual enrollment reimbursement, first responder scholarships, and the Ocoee and Rosewood scholarships. Members asked about surplus funds, marketing, Bright Futures eligibility requirements, and whether EASE awards had changed; Haskin said any unused funds are reverted to the Legislature, that the department markets through schools and the Florida Lottery, and that EASE remained at $3,500 per FTE for the last two fiscal years. Several members raised concerns that students and parents may not learn about aid programs early enough, especially in economically disadvantaged communities.
Chancellor Kevin O’Farrell then presented on Career and Adult Education, highlighting record participation in career and technical education, adult education, and apprenticeship. He said about 800,000 secondary students and 480,000 postsecondary students are in CTE, adult education serves about 183,000 learners, and apprenticeship/pre-apprenticeship programs include more than 22,000 participants. He also described the workforce development fund, Perkins, WIOA Title II, the Pathways to Career Opportunities Grant, workforce capitalization grants, CAPE performance funding, and the Pipeline nursing initiative, noting strong NCLEX outcomes and expanded outreach through the Get There, Your Way, Future of Work Florida, and Zello platforms. Kathy Hebda began the Florida College System presentation by emphasizing open access, workforce preparation, statewide reach, and strong enrollment and completion growth, including more than 672,000 students, over 131,000 degrees and certificates, and significant dual enrollment savings for students and families.
WY
Wyoming 2026 Regular Session
House Floor Session-Day 20, March 5, 2026-PM
Wyoming House Floor Meeting
Transcript Highlights:
- bill wasn't strongly addressed or was missing the fraud component regarding Medicaid, just fraud deduction
- <00:20:33.840>
uh regarding Medicaid uh just fraud uh regarding Medicaid uh just fraud uh deduction - deduction deduction um<00:20:36.400>
investigation <00:20:37.120>resources <00:20:38.320
CO
Colorado 2026 Regular Session
Colorado Senate 2026 Legislative Day 037 Feb 20th, 2026
Colorado Senate Floor Meeting
Transcript Highlights:
- savings accounts as a great way for middle-class working Americans to marry that up with a high-deductible
- to marry that up with a<02:09:17.119>
health <02:09:17.760>high <02:09:18.000>deductible - <02:09:18.639>
health <02:09:18.880>care a health high deductible health care a health - high deductible health care plan plan plan and<02:09:21.199>
use <02:09:21.440>more <02
Summary:
The Senate convened with a quorum, approved the February 18, 2026 journal, and received several committee and House messages. Judiciary reported juvenile parole board appointments to the consent calendar for confirmation, and Transportation and Energy reported Senate Bills 28 and 25 along with other measures. The House transmitted multiple bills to the Reviser of Statutes, and the Senate later agreed to take up a large group of House bills on special order and consent calendar.
A major portion of the meeting was devoted to personal-privilege remarks recognizing visiting groups, including the Mad Moms and Mad Dads advocating for people with serious mental illness, and the Colorado Gifted and Talented Association. Members spoke about stigma and the need for mental health legislation, and about supporting gifted students and their families. These remarks were welcomed by the chair and other senators.
The Senate then considered a package of supplemental appropriation bills, including House Bills 1150 through 1179, covering agency budgets, school finance adjustments, education fund uses, and capital construction transfers. The committee of the whole adopted the package on second reading, and the full Senate later adopted the committee report by a vote of 33 ayes, with one excused and one vacant seat. The bills were ordered placed on the calendar for third reading and final passage.
House Bill 1151, a supplemental appropriation to the Department of Corrections, drew extended debate. Supporters argued the bill was needed to cover existing obligations, avoid more costly jail backlogs, and prevent unsafe conditions, while critics said the department’s population management failures and broader sentencing policies were driving unnecessary costs and called for accountability and structural reform before more funding. Despite the debate, the bill was included in the adopted second-reading package.
HI
Hawaii 2026 Regular Session
CPC Public Hearing - Wed Feb 18, 2026 @ 2:00 PM HST
Consumer Protection & Commerce
Transcript Highlights:
- Um, we just note that the deductibles for bronze and catastrophic plans are very high.
- They average about $6,700 in deductible for the bronze plans and $10,600.
- discussing, has, you know, basically a straight-up subsidy to do preventive care for people with a high-deductible
- discussing, has, you know, basically a straight-up subsidy to do preventive care for people with a high-deductible
Bills:
HB20, HB2612, HB2404, HB2459, HB2194, HB1880, HB2284, HB1969, HB2458, HB1546, HB2161, HB1721, HB1641, HB2137, HB1782, HB2360, HB1965, HB1897, HB1513
Keywords:
lava insurance, homeowners, insurance market, subsidy, Hawaii, mortgage, debt, secured transactions, real property, Hawaii Revised Statutes, cooperative associations, electric utility cooperatives, agricultural cooperatives, mutual help, food innovation, agribusiness, food safety, market access, branding, economic diversification
Summary:
The committee heard testimony on HB 20, which would create a lava zone insurance subsidy/fund. The Insurance Division opposed the bill, arguing that lava zones 1 and 2 are the highest-risk areas, that a subsidy would not reduce the underlying risk or loss costs, that it could invite similar subsidy requests for other hazards, and that the bill may conflict with HICV by diverting funds from the CRF. Members discussed the lack of authorized homeowners insurance in those lava zones, the role of HPIA and the surplus market, and the difference between the proposed lava-zone subsidy and the Hawaii Hurricane Relief Fund. The chair noted 37 submitted testimonies in support and one in opposition, and the committee then moved on without taking a vote on HB 20 in the portion provided.
The committee then took up HB 2612, relating to mortgages, which would clarify that a mortgage does not exist independently of the debt it secures and is not independently enforceable from that debt. The Hawaii Credit Union League and Hawaii Financial Services Association opposed the bill, while several individuals testified in support, arguing it would restore Hawaii’s long-standing lien-state rule and prevent so-called “zombie mortgages” after the Hawaii Supreme Court’s White decision. Supporters said the bill would protect borrowers from delayed foreclosures and predatory lending practices, while opponents and the Insurance Division emphasized that foreclosure actions still require proof of standing and possession of the note, and that lenders generally pursue foreclosure without seeking deficiency judgments.
Committee members questioned the Insurance Division about how the current market works, whether lenders could wait out the statute of limitations and then foreclose only on the mortgage, and whether equitable tolling or later defaults could allow refiling. The division said it is still trying to attract authorized insurers back into the lava-zone market, but has seen little progress. No vote or final action on HB 2612 was taken in the excerpt provided.
NH
New Hampshire 2026 Regular Session
House Criminal Justice and Public Safety (01/22/2026)
Criminal Justice and Public Safety
Transcript Highlights:
- While incarcerated, the Department of Corrections would automatically deduct 10% from an inmate's account
- c> Department of Corrections would Department of Corrections would automatically<02:05:46.960>
deduct - <02:05:47.360>
10% <02:05:47.840>from <02:05:48.000>an automatically deduct - 10% from an automatically deduct 10% from an inmate's<02:05:48.639>
account.
HI
Transcript Highlights:
- The customer dividend provides a certain amount of money that is basically deducted from the utility's
- :38:41.599>
basically amount of money that is basically amount of money that is basically deducted - c> from<00:38:43.520>
the <00:38:43.760>utilities <00:38:44.240>revenue deducted - from the utilities revenue deducted from the utilities revenue every<00:38:44.800>
year <00:38
Summary:
The Senate Commerce and Consumer Protection Committee held an informational briefing on the Public Utilities Commission’s performance-based regulation (PBR) framework and the Department of Commerce and Consumer Affairs’ whistleblower complaint process. Chair Jared Kohole opened the meeting, noted it was informational only with no public testimony, and explained that members would hear presentations and then have an opportunity for questions. The committee heard first from Ulupono Initiative, which provided background on why utilities are regulated, how Hawaii’s cost-of-service model and rate cases work, and why PBR was adopted to shift utility incentives away from a capital-investment bias and toward performance, efficiency, cost control, and policy goals such as renewable energy and reliability.
Ulupono described Hawaii’s PBR structure as a five-year multi-year rate plan with annual revenue adjustments, a customer dividend, a Z factor for extraordinary exogenous events, and an exceptional project recovery mechanism for large projects. It also outlined performance incentive mechanisms tied to renewable portfolio standard progress, interconnection speed, reliability, and shared savings. The presentation said the current docket is evaluating a possible hybrid approach that would combine forward-looking forecasting with historical results, and Ulupono advocated for stronger incentives, arguing the current rewards are too small relative to utility revenues and should be more meaningful to better align utility behavior with legislative intent.
The PUC then presented its own overview, emphasizing that the PBR docket is open and active and that the briefing was limited to the record to avoid ex parte concerns. The commission described the development of PBR in Hawaii through multiple phases beginning in 2018: an initial collaborative phase to set goals, a formal contested-case phase that produced the initial framework, later phases adding scorecards, reported metrics, and additional performance incentive mechanisms, and subsequent refinements including sunset of some mechanisms and adjustments after the August 2023 Maui wildfires. The PUC said the framework is intended to be customer-centric, administratively efficient, and protective of utility financial integrity, and that current work includes evaluating how to balance forward-looking and historical test-year approaches within the rebasing process. No votes or formal actions were taken at the briefing.
MN
Minnesota 2025 1st Special Session
Senate Floor Session - Part 1 - 05/18/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- so in order to get the fund back up to where it needed to be, they started to take more and more deductions
- to be, they started to take more and to be, they started to take more and more<01:06:34.400>
deductions - more deductions out of current teachers. more deductions out of current teachers.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, March 26, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- because deep down they recognize the doubling of the child tax credit, the doubling of the standard deduction
- because deep down they recognize the doubling of the child tax credit, the doubling of the standard deduction
- because deep down they recognize the doubling of the child tax credit, the doubling of the standard deduction
- because deep down they recognize the doubling of the child tax credit, the doubling of the standard deduction
NH
New Hampshire 2025 Regular Session
House Ways and Means (02/10/2025)
Transcript Highlights:
- for you, so all you need to worry about is the gross revenue, and then he'll do the calculations to deduct
- he'll do the revenue and then he'll do the calculations<00:26:12.440>
to <00:26:12.640>deduct - <00:26:13.080>
the <00:26:13.200>municipal calculations to deduct the municipal calculations - to deduct the municipal Revenue<00:26:14.039>
transfer <00:26:14.799>and <00:26:14.960>
Summary:
The committee received a Department of Revenue Administration update from Commissioner Lindsay Stepp focused on revenue estimates for fiscal years 2025, 2026, and 2027. She explained the department’s forecasting method, which uses five scenarios based on the first seven months of actual collections and different assumptions for the remaining months, then selects a reasonable high and low range for FY 25 and applies projected growth rates for FY 26 and FY 27. Members asked several clarifying questions about how the scenarios are chosen and how the estimates relate to economic growth and taxpayer behavior.
For business taxes, Stepp reported FY 25 year-to-date collections of $110.3 million, 18.2% below plan and 17.2% below prior year. She said the shortfall reflects both economic conditions and a resetting of estimated payments after unusually strong pandemic-era profits, and noted that the department cannot fully separate changes in taxpayer liability from changes in estimated payment behavior. She said approximately just under $72 million was refunded in FY 24 due to the CCO cap, and that FY 25 year-to-date refunds are at 41.7%. For business taxes, the department’s FY 25 range was based on either continued underperformance versus plan or a return to prior-year levels, with FY 26 and FY 27 growth projected at 3% to 8%.
The committee also reviewed meals and rooms tax, tobacco tax, and related trends. Meals and rooms revenue was $6.9 million, or 3.3%, ahead of plan and prior year; the FY 25 gross estimate was $475.894 million, with a net range of about $331.82 million to $335.259 million after municipal transfers and school building aid. Stepp said recent monthly results suggest some fluctuation tied to disposable income, weather, and travel patterns, but no clear sustained decline. Tobacco tax was $18.1 million, 14% below plan and 4.8% below prior year; she said cigarette stamp sales are declining while e-cigarettes and other tobacco products are growing, with FY 25 tobacco revenue projected at $182.5 million to $185.3 million and FY 26-FY 27 growth ranging from -5% to flat. No votes or formal actions were taken.
NH
New Hampshire 2025 Regular Session
House Ways and Means (01/27/2025)
Transcript Highlights:
- Then we’re able to deduct our administrative expenses for the unclaimed property program, and we also
- then we're able particular fiscal year then we're able to<00:35:32.960>
U <00:35:33.119>deduct - ><00:35:33.440>
our <00:35:33.560>administrative <00:35:34.119>expenses to U deduct - our administrative expenses to U deduct our administrative expenses for<00:35:34.760>
the <00:
Summary:
The meeting featured presentations from the Department of Administrative Services and the Treasury Department on state revenue reporting and unclaimed property. State Comptroller Dana Call explained DAS’s role in compiling statewide revenue reports, including the annual revenue plan set through the budget process and the monthly revenue focus reports that track cash receipts. She noted that unrestricted general fund revenue is about $2 billion annually, while miscellaneous other revenue is a much smaller and less predictable category, averaging roughly $30 million to $32 million a year. She also described two more material internal revenue lines: statewide indirect cost recoveries and post-retirement benefit recoveries, which are billed to agencies and often tied to federal reimbursement rules.
Members asked about the interest line in the revenue charts and about how the figures were presented, and Call clarified that the totals were in millions and that the interest item would be explained by the Treasurer. She also explained that the indirect cost and post-retirement recoveries are internal cost allocations that flow back into the unrestricted revenue pool and are reflected in agency budgets as interagency costs.
Treasurer Monica Meissner then outlined Treasury Department functions, including bank deposits, statewide disbursements, banking relationships, investments, debt management, compliance, the FONA College Savings Program, the ABLE Plan, scholarship programs, and the abandoned property program. In discussing unclaimed property, she said holders report property after a five-year dormancy period, the state uses automated systems and outreach to locate owners, and claim activity has increased. In fiscal year 2024, the state returned about $12.2 million to citizens through roughly 12,000 claims; over the last 10 years, about $72.6 million has been returned. She also said the state escheated $19.9 million to the general fund and $1.8 million to counties last year, and explained that securities-related proceeds are harder to estimate because they depend on market conditions. No votes or formal actions were taken.